🚀 IRDAI has approved the creation of Bima Sugam - an online insurance marketplace in India! The goal is “Insurance for all by 2047.”

- Bima Sugam will become a universal solution for all participants in the insurance market

- The initiative aims to increase insurance penetration in the country

- Bima Sugam will be established as a non-profit company

The Indian insurtech industry is expected to grow! 🌐